Canara Bank Aadhaar Seeding – what do you prefer? Traditional or Modern?

                The traditional way to seed your Aadhaar Number into your Canara Bank account is to visit any Canara Bank branch.

                However, if you do not have the time to visit the Branch, Canara Bank allows you to seed your Aadhaar number via their website too.

                The bank had earlier launched four alternate channels for Aadhaar seeding, empowering the customers to request Aadhaar seeding from the comfort of their home or office without having to visit the branch.

According to R. K. Dubey, Chairman and Managing Director, Canara Bank, “The bank is the first to launch such a self-check facility for the customers. The facility offers Aadhaar seeding without having to visit the branch.”

The customer has to simply key-in details, such as account number and customer ID. The system checks whether the Aadhaar number is available in the bank’s server.

If yes, it informs the customer about its presence. If no, it prompts the customer to provide Aadhaar number through simple steps. In a matter of few minutes the customer’s Aadhaar seeding request is taken.

The customer can simply SMS the Aadhaar number along with bank account number to get his/her Aadhaar linked to the bank account. Another option is to call the bank’s call centre. All the requests are centrally processed and on successful seeding of the Aadhaar number, an SMS is sent to the customer.

The web facility is available only for Canara Bank’s customers who have been registered for mobile banking. This is because, an OTP (One Time Password) is sent for validation of the customer’s mobile number. 

Andhra Bank – Aadhaar Seeding – Ways and Means

            Apart from the usual Branch channel, Andhra Bank customers can seed their Bank Account with Aadhaar Number via the alternate channels mode.

The following channels are available to submit AADHAAR seeding request:

Internet Banking: This is available Only for Retail Internet Banking Customer’s.

• Customer has to login to Internet Banking using his/her User ID and Password.
• Click on the link in the home page “Registration of Aadhaar Number in Internet Banking “.
• Enter and confirm the 12 digit Aadhaar number in the respective fields.
• Select the Savings account for which Aadhaar number is to be linked.
• To know the status about Linking and Rejection of Aadhaar number click on "Inquiry"

Andhra Bank ATMs:

• Customer to inserts ATM/Debit card in any Andhra Bank ATM and selects AADHAAR registration option available under Services category.
• ATM will prompt the customer to enter AADHAAR number twice.
• On completion, customer will receive receipt of seeding the request.

Using SMS:

• This facility is enabled only for Andhra Bank customer’s registered for mobile alerts.
• Customer to send an SMS to the 56161 the AADHAAR request as per below format. The syntax for sending the SMS is given below :
• AADHAAR 15 digit Bank Account Number 12 digit AADHAAR Number where "AADHAAR" is the keyword for sending the message.

 On successful linking / delinking of AADHAAR number to the customer account though any channel, an SMS alert will be sent to the customer’s registered mobile number with the Bank.

It is to be noted that Aadhaar Seeding Request’s will be processed by Andhra Bank subject to satisfactory verification of AADHAAR credential.

BJP favours abolition of income, sales, excise tax-Will it bite the Bullet?

            As a salaried person, my pet peeve is the Income Tax. Salaried people have no choice but to honestly remit the Income Tax, whereas Business folks have a variety to minimize their tax outflow.

            In a radical development, Former BJP president Nitin Gadkari, who is in-charge of preparing the party's vision document 'India Vision 2025', said that the party was presently deliberating the matter.

BJP top brass have received a report which favours  abolition of income, sales and excise tax and replace it with a Transaction Tax.

AT present there is an intense internal debate in  BJP to include the same it in its vision document to be unveiled ahead of General elections next year.

            Echoing the same views, Shri Rajnath Singh-BJP President said the party will take a view on a demand for removal of all taxes and replacing them with a single transaction levy. He articulated his views at a recent conclave of realtors' body CREDAI.

            The vision document is expected to be released in another month, and so I am keeping my fingers crossed. If you too support this change, send a message to BJP now. 

D+AB=R

            If you are residing in a major Indian city, you might have noticed Andhra Banks’ new Outdoor Advertisement campaign.

            The catchy line says D+AB=R, wherein D means (Dreams)+AB means (Andhra Bank)=R means (Reality).

            The print campaign is to promote Andhra Banks personal loans especially Vehicle and Home Loans.

With all Banks and Financial Institutions running Advertisement campaigns to attract quality clientele into its fold, Andhra Banks advertisement is a differentiator.

            In the recent past, Andhra Bank has won ‘Four Awards in a Row’, i.e

1. Best Bank (Mid-size) awarded by Business World
2. Best Bank under CAMEL Ratings awarded by The Analyst-Magazine
3. Best Bank for Quality of Assets awarded by Business Today
4. Banking Excellence Award – awarded by Bankers Club, Kerala

            The Managing Director’s position was vacant for a while and Mr.Rangarajan, took charge as Chairman and Managing Director on 13/12/2013

ING Vysya Bank to launch a new Credit Card

                      Please do not be surprised, ING Vysya Banks’ Credit Cards till very recently were being managed by CitiBank.

            ING Vysya Bank has decided to discontinue the White labeling of Citi’s Credit Cards and opt for its own Credit Card program.

            As on date, ING Vysya Banks customers do not have an option to subscribe to its Credit Card. The new Credit Card will be launched in the near future.

            As per information available on  the Bank’s internet banking login page, the facility to make payments online through net banking to erstwhile ING Credit Cards has been withdrawn. Customers have been requested to contact Citibank call centre for any further queries. ING will soon be launching its own Credit Card program which will be well integrated to ING Net Banking.

            So, IVBL customers please wait for the new Credit Card Program. In the meanwhile, CitiBank has approached all the existing Credit Card holders under IVBL credit program, offering attractive terms to migrate to Citi’s own credit cards.